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NEWS: Business and Financial
Geithner urges tax breaks for small businesses
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner urged congressional support for tax breaks for small businesses and said that would help create jobs.
Categories: NEWS: Business and Financial
Stocks end higher after light trading day
Stocks posted tepid gains, down slightly from their earlier rally Thursday as investors mulled over better-than-expected reports on the U.S. trade deficit and weekly jobless claims.
Categories: NEWS: Business and Financial
Apple loosens its chokehold on app development
Apple is loosening its grip on its app development for its mobile devices, announcing Thursday that it will drop restrictions on what programming tools developers can use to create iOS apps.
Categories: NEWS: Business and Financial
Grandma opened a credit card in my name
Question 1. My grandmother opened a credit card account in my name without my knowledge, did not pay it and now they are coming after me. She is 71 years old. What shall I do? -- Jackson, Greensboro, N.C.
Categories: NEWS: Business and Financial
Allergan's Botox fine: good marketing?
Allergan launched a marketing campaign to promote Botox for treating migraines, despite the fact that the FDA never gave it the green light. As punishment, the company received a bill for $600 million -- in the form of a fine and settlment -- from the Department of Justice.
Categories: NEWS: Business and Financial
U.S. losing competitive edge
The United States continues to lose its edge in international competitiveness, according to a report released Thursday by the World Economic Forum.
Categories: NEWS: Business and Financial
Airgas Holders Urged to Approve Air Products Nominees
An influential proxy advisory firm recommended that Airgas shareholders vote for a slate of three board of director candidates put forth by Air Products as part of its $5.48 billion hostile bid for Airgas.
Categories: NEWS: Business and Financial
Traffic deaths lowest since 1950
Traffic deaths have hit their lowest level since 1950, the year fatalities behind the wheel began to be tracked, according to the latest government statistics.
Categories: NEWS: Business and Financial
Apple to publish app rules, allow translation from Adobe's Flash, Oracle's Java
Apple announced today that it will publish the guidelines it uses to determine which programs can be sold in its App Store. Apple also will allow developers who work in Adobe Systems' Flash or Oracle's Java language to convert their programs into iPhone apps.
Categories: NEWS: Business and Financial
Homebuyer tax credit: 950,000 must repay
Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government.
Categories: NEWS: Business and Financial
PPL Agrees to Sell Some Power Assets for $381 Million
PPL Corp. agreed to sell interests in several power plants to an affiliate of power-generation and transmission development company LS Power for about $381 million.
Categories: NEWS: Business and Financial
Reducing obesity won't lower health costs
A new government report quantifies the rise in health care spending due to the nation's growing obesity problem, but says that costs would rise even if America lost weight.
Categories: NEWS: Business and Financial
McDonald's France lags in August, shares fall
LOS ANGELES/CHICAGO (Reuters) - McDonald's Corp's European sales growth fell in August from the sizzling levels it experienced for much of the year due to weakness in France, which generates the company's biggest European sales, and its shares fell nearly 3 percent.
Categories: NEWS: Business and Financial
Foster's mystery wine suitor was Cerberus: source
NEW YORK/MELBOURNE (Reuters) - Cerberus Capital Management was the mystery firm that was interested in the wine business of Foster's Group Ltd , a source briefed on the situation said, confirming a report on Wednesday by The Australian newspaper.
Categories: NEWS: Business and Financial
3M to Buy Arizant for $810 Million
3M is paying $810 million to acquire surgical-products maker Arizant from private-equity firm Court Square Capital.
Categories: NEWS: Business and Financial
Brocade's new campus shows company's growth, and S.J. redevelopment effort
$278 million campus a milestone for tech company, S.J. redevelopment efforts.
Categories: NEWS: Business and Financial
When Chrysler could have sold for $1
One of the lesser-known stories of the Obama Administration's auto bailout is how close Chrysler came close to following the fate of Lehman Brothers and being allowed to fail.
Categories: NEWS: Business and Financial
Cotton shortage = Pricey T-shirts and jeans
Attention T-shirt fans: Bag those deep discounts now because come January, stores could have you paying more for your favorite clothing.
Categories: NEWS: Business and Financial
As Wall Street Sheriff, Coffey would be discreet
NEW YORK (Reuters) - New York state attorney general candidate Sean Coffey on Thursday said he was the only contender qualified to police Wall Street and called Democratic rivals career politicians fixated on becoming governor.
Categories: NEWS: Business and Financial
China is a growing market for PayPal
EBay Inc. Chief Executive John Donahoe said China has become one of the fastest-growing markets for the company's PayPal business, with total transactions from China on the online-payment system rising 88% in the first half.
Categories: NEWS: Business and Financial